AUDIT FINANCIAL SERVICES
FinIA and FinSa
The Financial Institutions Act (FinIA) and the Financial Services Act (FinSa) entered into force on 1 January 2020. These laws are specified by specific ordinances published by the Federal Council on 6 November 2019. Various transitional periods are provided for the implementation of the new requirements for asset managers. What do you as an asset manager need to bear in mind?